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Shifts WITHIN the supply curve are caused by changes in price. However, shifts of the supply curve are determined by the determinants of Supply.
1) Change in resource prices
2) Change in technology
3) Changes in taxes and subsidies
4) Change in prices of other goods
5) Change in expectations
6) Change in number of suppliers.
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∙ 14y ago
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When any effort by government causes the supply of a good to rise what happens to the supply curve for that good?
It shifts to the right.
What happens to the supply curve for that good when any effort by government causes the supply of a good to rise?
It shifts to the right.
How do falling prices effect supply?
The supply curve shifts to the left
Why does the supply curve increase or decrease?
The supply and demand curve follows four basic laws :If demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.If demand decreases (demand curve shifts to the left) and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.
Ceteris paribus the price level will fall when A The aggregate supply curve shifts to the left B The aggregate demand curve shifts to the left C The aggregate demand curve shifts to the right?
b
When any effort by government causes the supply of a good to rise what happens to the supply curve for that good?
It shifts to the right.
When any effort by government causes the supply of a good to rise what happens to supply curve for that good?
It shifts to the right.
What happens to the supply curve for that good when any effort by government causes the supply of a good to rise?
It shifts to the right.
How do falling prices effect supply?
The supply curve shifts to the left
Why does the supply curve increase or decrease?
The supply and demand curve follows four basic laws :If demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.If demand decreases (demand curve shifts to the left) and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.
Ceteris paribus the price level will fall when A The aggregate supply curve shifts to the left B The aggregate demand curve shifts to the left C The aggregate demand curve shifts to the right?
b
What happens to demand when the supply curve shifts right?
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
When any effort by government cause the supply of a good to rise what happens to the supply curve for that good?
It shifts to the right.
When any effort by government cause the supply of a good to rise what happens to supply curve for that good?
It shifts to the right.
What are factors affecting supply curve?
A change in supply (a shift in the supply curve) occurs whenever some factor that affects the supply of the good, other than its price, changes. Such variables include:1. Prices of productive resources. A rise (fall) in the prices of resources shifts the supply curve leftward (rightward).2. An increase in technology shifts the supply curve rightward.3. An increase (decrease) in the number of suppliersshifts the supply curve rightward (leftward).4. Prices of other goods produced, which have two possible relationships:a) When the price of a substitute in production rises (falls), the supply curve for the good shifts leftward (rightward).b) A rise (fall) in the price of a complement in production shifts the supply curve rightward (leftward).5. If the expected future price of the product rises (falls), the supply curve in the present period shifts leftward (rightward).A change in supply also affects the price and quantity of the product.1. An increase in supply (a shift rightward of the supply curve) causes the price to fall and the quantity to increase.2. A decrease in supply (a shift leftward in the supply curve) causes the price to rise and the quantity to decrease
What happens to supply curve when more producers enter the market?
In normal circumstances, ceteris paribus, the supply curve shifts left as competition drives down prices.
What happens with an increase in deficit spending?
the demand for loanable funds will increase, interest rates will increase
